Alcoa reported its set of figures for the quarter ending on September 30. Press release: Alcoa Strengthens Cash Position and Returns to Profitability in Third Quarter.

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Looks like market optimism is not jet ready to vane. On the back of falling dollar the gold reached new highs, and equity followed. It looks that the speculation on extension of some stimulus measures played most important part in this mini rally. Looks like dollar, gold, crude oil and equity correlation have become a part of computer algorithms and almost perfect inverse relationship will continue. Not indefinitely, I’m sure. It looks artificial.

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It has been nice away from the computers, markets and problems last week spent at the sea. I’ve visited 5 countries, 7 towns and I was most impressed by Spain and Barcelona.

I was pretty pissed when a saw my SPY put options position being sold on the Monday market opening on the back of a stop loss order I left when I was leaving for vacation. I hate leaving my positions unattended but hate even more earning + 15% instead of +50%. Never mind, it looks at the moment I could have an opportunity to enter into same position at the approximately same costs.

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